Brink's Company (The) (NYSE:BCO) Stock Holdings Lessened by LSV Asset Management

Key Points

• LSV Asset Management reduced its holdings in Brink's Company by 2.8%, now owning approximately 1,032,292 shares worth $88.9 million.
• Brink's reported $1.62 EPS for the last quarter, exceeding analysts' estimates, with revenues of $1.25 billion.
• The company announced a quarterly dividend of $0.255 per share, representing a 1.2% yield for investors.

LSV Asset Management reduced its holdings in Brink's Company (The) (NYSE:BCO - Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,032,292 shares of the business services provider's stock after selling 29,250 shares during the quarter. LSV Asset Management owned approximately 2.39% of Brink's worth $88,942,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BCO. JPMorgan Chase & Co. lifted its position in shares of Brink's by 23.7% in the 4th quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider's stock worth $27,681,000 after buying an additional 57,109 shares during the last quarter. Norges Bank bought a new position in shares of Brink's in the 4th quarter worth about $46,603,000. Pictet Asset Management Holding SA lifted its position in shares of Brink's by 20.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,193 shares of the business services provider's stock worth $667,000 after buying an additional 1,199 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Brink's by 114.1% in the 4th quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider's stock worth $13,843,000 after buying an additional 79,529 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Brink's in the 4th quarter worth about $152,000. 94.96% of the stock is currently owned by institutional investors.

Brink's Stock Down 2.5%

BCO stock opened at $85.17 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 10.93. Brink's Company has a fifty-two week low of $80.10 and a fifty-two week high of $115.91. The firm's 50-day simple moving average is $88.72 and its 200 day simple moving average is $89.21. The stock has a market cap of $3.58 billion, a PE ratio of 23.02 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.43. Brink's had a net margin of 3.29% and a return on equity of 82.89%. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the company earned $1.52 EPS. The company's revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's dividend payout ratio (DPR) is 27.57%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Brink's from a "buy" rating to a "hold" rating in a research report on Saturday.

Brink's Profile

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.

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